─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Wingrave

FRS 105 provides the financial reporting framework for companies that qualify for the UK micro-entities regime and choose to apply it. If your company meets the relevant eligibility conditions and the directors decide to use the regime, FRS 105 Micro Entity Accounts can be prepared to reflect your financial position and performance in line with that framework. Professional preparation helps ensure the accounts are put together appropriately for your company’s circumstances, using the records you provide and the applicable reporting requirements. It is not automatic: a company must satisfy the eligibility rules before FRS 105 can be used, and other exclusions or conditions may apply. At Micro Entity Accounts, we support companies in Wingrave and the surrounding areas with FRS 105 Micro Entity Accounts that are clear, accurate and prepared with the micro-entities regime in mind.

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FRS 105 Micro-Entity Accounts

(Turnover up to £100K)

£499.00

£399.00

+vat

FRS 105 accounts preparation
Accounting records review
Micro-entity eligibility review
Companies House filing where applicable
Corporation Tax support where included
Director review
FRS 105 accounting support

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Trusted by Micro-Entity Businesses Across the UK

From newly incorporated companies to established owner-managed businesses, our clients trust us to prepare their accounts accurately and handle their annual filing requirements.

      EXCELLENT  
   Based on 300 reviews 
    
 
 
 
   
 
 
       Posted on Google  
   
   Jamie Fletcher 
 
 
 
 Trustindex verifies that the original source of the review is Google. It was a pleasure working with Anum on our accounts. The whole process was swift and effortless, and it was one less thing to worry about. I'd highly recommend them.
  
 
      Posted on Google  
   
   Mansur Liman 
 
 
 
 Trustindex verifies that the original source of the review is Google. Accotax have been our accountants for many years now. We maintained them, because of their professionalism. In the last coiple of years, i have working with Imran, who has been very professional and helpful in guiding us through the whole process explaining and clarifying every aspect of it. Very prompt in responding to questions and patient with us even when we seem to be slow. I really enjoy working with him. Thank you
  
 
      Posted on Google  
   
   Muna Mohamoud 
 
 
 
 Trustindex verifies that the original source of the review is Google. I highly recommend Imran to anyone looking for a reliable and knowledgeable accountant. He helped me sort out a very complicated backlog of accounts and prepared my overdue tax returns with professionalism and attention to detail. Throughout the process, he was incredibly patient, took the time to answer all of my questions, and explained everything clearly. He guided me through each step and helped rectify issues that had built up over time, making what felt like an overwhelming situation much more manageable. I'm very pleased with the service I've received and truly appreciate his support. If you need help with your accounts or taxes, I would highly recommend Imran.
  
 
      Posted on Google  
   
   Sergey M 
 
 
 
 Trustindex verifies that the original source of the review is Google. I had a positive experience with Accotax. The work was completed promptly, my tax return was successfully filed, and I received a refund of overpaid tax. I found the cooperation efficient and helpful. Special thanks to Muhammad Saifullah for his assistance.
  
 
      Posted on Google  
   
   Ebba Qureshi 
 
 
 
 Trustindex verifies that the original source of the review is Google. Fabulous team at ACCOTAX - very efficient and good response time . Honest and professional with their work. I would highly recommend them even if you’re a young start up - or a large business they have it covered .
  
 
      Posted on Google  
   
   Mael Leboucher 
 
 
 
 Trustindex verifies that the original source of the review is Google. We worked with a few different accountants before finally settling with Accotax, and we’re really glad we did. Their team is great. Abdul is responsive and easy to reach whenever I have a question, which makes a big difference. They take the time to understand how our business works and what our needs are. They are very knowledgeable, and when they don’t have the answer straight away, they take the time to look into it and get back to us quickly. Anum, who looks after our account on a day-to-day basis, including reconciling invoices and preparing the annual accounts, is amazing. She is professional, efficient, and follows the processes we have put in place together. She's also very quickin getting back to us whenever needed. We’re very happy to work with her and hope to continue doing so for as long as possible. Overall, Accotax has made our accounting experience much smoother and easier. We see them as a long-term partner as our business continues to grow. I would 100% recommend them.
  
 
      Posted on Google  
   
   3rd Hub 
 
 
 
 Trustindex verifies that the original source of the review is Google. Imran provides a very dependable and straightforward accounting service. He is always responsive and professional when managing our accounts. Excellent support.
  
 
      Posted on Google  
   
   Martin Tyrrell 
 
 
 
 Trustindex verifies that the original source of the review is Google. I have really impressed to date with all dealings with Accotax highly enough. From day one, they've made what can often be a complicated and stressful part of running a business feel straightforward and hassle-free. A special mention has to go to Anum, who has been friendly, incredibly responsive, and genuinely cares about providing the best possible service. No question is ever too much trouble, and she consistently goes above and beyond to make sure everything is dealt with efficiently. I wouldn't hesitate to recommend you to anyone looking for an accountant they can genuinely trust.
  
 
      Posted on Google  
   
   Matthew Lyon 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great speedy service and very personable. Anum dealt with my income certificate and did everything quickly and helped me out massively. Very happy with the service provided.

─── FRS 105 EXPLAINED

FRS 105 Explained for Wingrave Micro-Entities

FRS 105 is the UK financial reporting standard that sits alongside the micro-entities regime. In simple terms, it is a set of accounting rules designed for very small companies that qualify for the regime and choose to apply it. When a company uses the micro-entities regime, FRS 105 applies to its financial statements — often called micro-entity accounts. The framework generally allows for simpler financial statements than larger reporting standards, but it still requires the accounts to be prepared properly and to give a true and fair view in accordance with the standard. For a company in Wingrave considering FRS 105 Micro Entity Accounts, the key point is that the regime is optional and available only to qualifying companies. The directors need to confirm eligibility first, and then the accounts can be prepared using the FRS 105 framework.

Who Can Use FRS 105 in the UK? Guidance for Wingrave Companies

FRS 105 is intended for UK companies that qualify for the micro-entities regime and choose to apply it. To qualify, a company generally needs to meet at least 2 of 3 applicable size conditions for accounting periods beginning on or after 6 April 2025: turnover of no more than £1 million, balance sheet total of no more than £500,000, and an average of no more than 10 employees. However, meeting the size thresholds alone does not always guarantee eligibility, because other rules and exclusions can apply. The micro-entities regime is an available accounting regime, not an automatic one, and FRS 105 applies when that regime is chosen. If your company is based in Wingrave and you are considering FRS 105 Micro Entity Accounts, it is worth reviewing your eligibility carefully before deciding whether the regime is suitable for your circumstances.

A company generally needs to meet at least 2 of these 3 conditions.

Business Turnover

Annual Turnover of £1 Million or less. (£632,000 previously)

Balance Sheet

Balance sheet total of £500,000 or less.(£316,000 previously)

Company Size

On an average 10 or less employees (10 or less previously)

─── What We Review

Everything Your Micro-Entity Company Is Required to Get Right

Most compliance problems are not deliberate. They come from a missed deadline, an accounts template that no longer matches FRS 105, or dividends taken without the paperwork to support them. Our review covers each area in turn and reports back in plain English.

FRS 105 Balance Sheet

A statutory balance sheet prepared to the FRS 105 format, using the reduced disclosure the micro-entities regime allows.

Profit & Loss Account

A profit and loss account prepared for your own records and for your Corporation Tax computation, without public filing.

Required Notes & Disclosures

Preparation of the notes and disclosures required for the company's accounts under the applicable reporting requirements.

Corporation Tax Support

Separate Corporation Tax support can be provided where included in the agreed service. The Corporation Tax calculation is governed by tax rules rather than FRS 105.

Companies House Filing

Your FRS 105 accounts filed with Companies House in the correct format, before your accounts filing deadline.

Director Copy Pack

A full signed copy of your accounts and tax return, ready for your bank, mortgage lender or accountant records.

─── How It Works

How Our FRS 105 Preparation Process Works

Share Your Records

Send your bank statements, sales and purchase records, expenses and payroll details through our secure digital platform.

We Prepare Your FRS 105 Accounts

Our accountants confirm you qualify for the micro-entities regime, then prepare your accounts and CT600 from your records.

Review & Approve

We send draft accounts with clear explanations of the figures, and adjust anything before anything is submitted.

We File Where Required

Once approved, we can assist with the relevant Companies House filing and any separately agreed tax submission.

─── WHY CHOOSE US

Why Choose Our FRS 105 Accountants?

We keep micro-entity accounts straightforward, transparent and easy to manage for busy company directors.

FRS 105 Accounts Support

The micro-entities regime is all we do, so your accounts are prepared to the right standard first time.

Paperless Onboarding

Get set up in minutes with a fully digital, secure process — no printing, posting or office visits.

Deadline Management

We track your Companies House and HMRC deadlines and prompt you early so late filing penalties are avoided.

Clear, Transparent Pricing

One transparent fixed fee covers preparation, the tax return and both filings. No hourly billing.

─── WHO WE HELP

FRS 105 Support for Micro-Entities Across the UK

From one-director businesses and freelancers to startups, consultants and online businesses that qualify for the micro-entities regime.

One-Director Companies

Straightforward FRS 105 accounts and Corporation Tax filing for owner-managed limited companies.

Freelancers & Contractors

Accounts and compliance support for contractors trading through a qualifying limited company.

Startups & Small Companies

Practical support for newly incorporated companies filing their first set of micro-entity accounts.

Dormant & Low-Activity Companies

Dormant company accounts and FRS 105 accounts for LLPs that meet the micro-entity thresholds.

Professionally Prepared FRS 105 Micro Entity Accounts in Wingrave

Professionally prepared FRS 105 Micro Entity Accounts are built from your company’s financial records and the reporting requirements that apply to the micro-entities regime. When we prepare FRS 105 Micro Entity Accounts, we work from the information you provide — such as bookkeeping records, bank statements, invoices, and details of assets and liabilities — to produce financial statements that reflect your company’s circumstances. This is separate from your Corporation Tax obligations: FRS 105 accounts are the financial statements prepared under the micro-entities regime, while a Company Tax Return (CT600) is a separate filing submitted to HMRC. Likewise, filing accounts with Companies House is a distinct requirement from submitting a CT600. Our role is to help you prepare accurate financial statements and to support you with the accounts preparation process; we do not guarantee any particular outcome, and acceptance of filings remains a matter for the relevant authority.

ICAEW

ACCA

AAT

Need Help With FRS 105 Micro Entity Accounts in Wingrave?

If you would like help with your FRS 105 Micro Entity Accounts, we are ready to discuss your requirements. Get in touch to talk through your company’s situation, including whether the micro-entities regime is available to you and what information we would need to prepare your accounts. We can review the records you provide and explain the next steps, with clear, transparent pricing and a straightforward approach. Whether you are preparing FRS 105 Micro Entity Accounts for the first time or looking for ongoing support, contact us to start the conversation.

─── FAQs

FRS 105 Accounts Preparation FAQs

Still unsure where you stand? Reach out to our UK team at info@microentityaccounts.co.uk and we will review your filing history with you.

What is FRS 105?

FRS 105 is the UK financial reporting standard that applies to companies using the micro-entities regime. It sets out the accounting and disclosure requirements for micro-entity financial statements, which are often referred to as FRS 105 Micro Entity Accounts. It is designed to be simpler than the standards used by larger companies, but it still requires the accounts to be prepared in line with the standard. In Wingrave, companies that qualify for the micro-entities regime and choose to apply it can prepare FRS 105 Micro Entity Accounts.

Who can use FRS 105?

FRS 105 is intended for companies that qualify as micro-entities under UK company law and choose to apply the micro-entities regime. Eligibility is based on size criteria and other rules, and it is not automatic. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 conditions: turnover of no more than £1 million, balance sheet total of no more than £500,000, and an average of no more than 10 employees. Other eligibility rules and exclusions can apply, so meeting these size thresholds does not always mean a company can use FRS 105.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime for qualifying companies, and FRS 105 applies when that regime is chosen. A qualifying company can choose to apply the micro-entities regime, but it is not forced to do so. The directors would need to consider the company's circumstances and decide whether the regime is appropriate. If the regime is not chosen, a different financial reporting standard may apply.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 size conditions to qualify as a micro-entity: turnover of no more than £1 million, balance sheet total of no more than £500,000, and an average of no more than 10 employees. These are subject to the relevant rules and exclusions. Meeting the size criteria alone does not guarantee eligibility, and professional advice can help confirm whether the regime applies to your company's situation.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the financial reporting standard for qualifying micro-entities that choose to apply the micro-entities regime, while FRS 102 is a broader standard used by many other UK companies. FRS 105 generally allows for simpler financial statements and fewer disclosures than FRS 102. The standard that applies to a company depends on its eligibility and the accounting regime it chooses. If a company qualifies for the micro-entities regime and decides to use it, FRS 105 Micro Entity Accounts can be prepared; otherwise, FRS 102 or another applicable framework may be relevant.

Do FRS 105 accounts need to be filed with Companies House?

FRS 105 accounts are the financial statements prepared under the micro-entities regime. If your company is required to file annual accounts with Companies House, those accounts would be filed as part of that requirement, subject to the applicable filing rules. This is separate from your Corporation Tax obligations. It is important to distinguish between accounts preparation, Companies House filing, and HMRC filings such as the Company Tax Return (CT600), as each has its own requirements.

Is a Corporation Tax Return (CT600) separate from FRS 105 accounts?

Yes. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities regime, while a CT600 is a Corporation Tax Return submitted to HMRC. They serve different purposes and are submitted to different authorities. The figures in your accounts may inform the tax return, but the CT600 is a separate filing with its own deadlines and requirements. We can help with the accounts preparation, and it is important to ensure your tax filings are also dealt with appropriately.

What information is needed to prepare FRS 105 accounts?

To prepare FRS 105 Micro Entity Accounts, we typically need your company's financial records for the accounting period. This can include bookkeeping records, bank statements, sales and purchase invoices, details of expenses, payroll information if applicable, and records of assets and liabilities. We may also need information about any loans, director's transactions, and stock or work in progress. The exact information depends on your company's circumstances. Providing complete and accurate records helps the accounts preparation process run smoothly.